Industrial Sale Leaseback

2400 Congress Street, Portland, Maine
Deal Type:
Sale Leaseback
Price:
$21,820,960
Cap Rate:
6.25%
Current Rent:
$1,363,810
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
Five, 5-year
Rent Increases:
2.0% Annually
  • nichols portland stream capital partners
  • nichols portland stream capital partners
  • nichols portland stream capital partners
  • nichols portland stream capital partners

Investment Highlights

  • Tenant designs and manufactures billet and powdered metal components for use in fluid transfer devices and other applications
  • The Company has a long-term operating history dating back to the 1920’s and has operated out of the subject facility since 1968
  • The property is located in a dense industrial and commercial area of Portland, Maine
  • The facility is situated on a 19.33 acre site which allows for future expansion opportunities
  • The tenant has invested over $23 million in equipment and machinery housed at the facility

Listing Agents

Chelsea Mandel

Senior Vice President
516 850 6962
Chelsea@stream-cp.com
Jeff Lizzo STREAM Capital Partners

Jeff Lizzo

Senior Vice President
630 622 8409
Jeff@stream-cp.com

In Association with ParaSell, Inc. | A Licensed Maine Broker #AC90603332

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